Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • Air chief Bhadauria flies sortie in HAL's trainer aircraft:-Air Chief Marshal R K S Bhadauria on Thursday undertook a sortie in the basic trainer aircraft HTT-40 here, thereby becoming the first serving Chief of Air Staff to fly in the Hindustan Aeronautics Limited developed aircraft at the prototype stage....
  • Screening process for selection of crew for Gaganyaan being done professionally: IAF chief:-Chief of Air Staff, Air Chief Marshal R K S Bhadauria, has said the screening process for the selection of crew for ISRO's proposed humanspace flight programme-Gaganyaan-is being done professionally. ...
  • Centre inks pact with Goa Shipyard for two missile frigates:-The Centre has signed a contract with the Goa Shipyard Limited (GSL) for construction of two advanced missile frigates for the Navy, Union Minister of State for Defence Shripad Naik has said....
  • India, US begin first tri-services exercise:-In reflection of growing congruence in bilateral defence ties, armed forces of India and the US on Wednesday began their first tri-services exercise on the Eastern seaboard. The nine-day humanitarian assistance and disaster relief (HADR) exercise code-named 'Tiger Triumph' is aimed at developing inter-operability between the militaries of the two countries in HADR operations....

3-fold hike in financial powers of service headquarters

Line Spacing+- AFont Size+- Print This Article

NEW DELHI (PTI): Aiming to accelerate procurement process in the Indian armed forces, Defence Minister A K Antony has approved a three-fold hike-from Rs 50 crore to Rs 150 crore-in the financial powers of Service headquarters.

The decision was taken on Monday during a security review meeting with the three Service chiefs--Admiral Nirmal Verma, General V K Singh and Air Chief Marshal N A K Browne--during which the Defence Minister also had a detailed review of the current security situation.

Defence Secretary Shashikant Sharma was also present in the meeting.

"To accelerate the process of procurement for the armed forces, the Defence Minister on Monday gave his in-principle approval to a three-fold hike in the delegation of financial powers to Service headquarters--from the current Rs 50 crore to Rs 150 crore," a Defence Ministry spokesperson said.

Antony had agreed to provide more financial powers to the three services during the meeting of the Defence Acquisition Council (DAC) in April for speedier acquisition of arms and equipment.

Antony had also directed the three services to streamline their acquisition process and fix accountability in case of delays in procurement of critical equipment.

Recently, the Ministry has approved the 15-year Long Term Integrated Perspective Planning (LTIPP) and the 12th Defence Plan which would project requirements of the armed forces to be met through indigenisation and robust involvement of private sector.

Line Spacing+- AFont Size+- Print Article

Other Related News

Rajnath urges Russian defence industries to jointly manufacture in India

Union Minister Rajnath Singh on Tuesday called upon the Russian defence industry to work jointly to modernise India's defence platforms and manufacture equipment to give a massive boost to the two nations' exports to third countries.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2019

Image Gallery